FX and CFD trading affiliate Investoo Group has announced the acquisition of financial news site Invezz, widening their reach into the online financial sector.
Invezz is a financial news site and peer review marketplace for CFDs, Forex and shares, launched in 2012 with more than 200,000 unique visitors per month. Adam Grunwerg, CEO of Investoo Group, said: “It allows us to compete with the big players in the finance industry, while diversifying our product offering into shares, ISAs and other forms of investment services. Next steps include growing our business in new regions and languages such OpcionesBinarias.net”.
The purchase marks Investoo Group’s second acquisition since receiving a sizeable investment in December 2016. Just a week ago the group announced the acquisition of 100ForexBrokers.com, one of the industry’s largest FX broker comparison sites. Previously Investoo Group had bought both FX and Binary Options education training service and YouTube channel TradingAxis.com.
David Merry, Chairman of the Board for Investoo Group added: “Investoo Group has gone from strength to strength in the past 4 months, growing the product range and team with real pace. Invezz is another great acquisition for the company and is the second in a pipeline full of high-potential deals.”
The group’s aim is to become one of the biggest retail trading affiliates in the world through product development, marketing and acquisitions.